Funds committed as part of the Addendum to the Recovery, Transformation and Resilience Plan from September This year they reached 32.414 million euros, Or 38.99% of the total allocated to Spain, an amount which amounts to 83.140 million.
This is clear from the latest monitoring report on the execution of the Recovery, Transformation and Resilience Plan (PRTR), with data as of September 30, prepared by LLYC.
The study shows that among the grants, 10.454 million euros were committed until the ninth month of the year, which This represents 62.24% of what was committed for the same period in 2023. These funds were allocated to initiatives on renewable energy, industrial decarbonization, digitalization, sustainable infrastructure and technological innovation.
Most of the non-repayable funds were allocated to financing state tenders, more precisely 7,305 million euros, 1.15% more than the 7,222 million for the same period in 2023.
For its part, the volume of offers from the General State Administration (AGE) amounts to 1.945 million euros, or 49% less than the same period of the previous year (3.836 million), while that the rate of transfer towards the autonomous communities were reduced, reaching only a quarter of what was transferred over the same period of 2023, up to 1.204 million this year.
In addition, the fund resolution rate in the first nine months of the year is 15.65%, compared to 28% in the same period of the previous year, i.e. it was reduced by almost half. This is due to the accumulation of the launch in the second half of calls with very high amounts, particularly those linked to hydrogen or the renewable value chain.
Spain commits 66% of funds
The total amount of “Next Generation EU” funds committed by the government in September This year it was 108.495 million euros66.01% of the total allocated to Spain, which amounts to 163.801 million euros.
Of the total non-repayable funds (grants), 75.820 million euros were committed in the first nine months of the year, leaving 6% of the planned total of 80.661 million euros to be committed.
The big ones Calls launched in 2024 have advanced state management was significant, reaching a commitment of 66.5% of the total funds available in September 2024, 3.5% more than in the same period of the previous year.
As the report shows, the level of resolution of calls for tenders of the General State Administration (AGE) increased by almost 10 points compared to a year ago, although it seems to have slowed down during the last quarter.
The tender award percentage also continues to increase, albeit slightly down a point from last year. However, LLYC indicates that after updating the national publicity system data on subsidies and public assistance, The unallocated balances in the case of the AGE amount to 7,076 million euros.
The ERHA LOSS, the one who received the most boost
Among the Strategic Projects for Economic Recovery and Transformation (Loss) which have received the greatest momentum in recent months, the Loss of Renewable Energy, Renewable Hydrogen and Storage (ERHA) stands out.
In the case of Loss of Electric and Connected Vehicle (ECV), the commitment of funds exceeds initial allocation through reuse of leftovers not allocated in previous calls, reaching an allocation rate of 67.71%.
Regarding the granting of loans, some of the VEC Loss and Decarbonization Loss appeals, which include Addendum loans, are still awaiting final resolution, although data from partial resolutions indicate a loan granting rate lower than subsidies.
Calls published, 12 points below what they should
Regarding compliance with the call forecasts for 2024, until the end of September 63% of the total calls planned for this year have already been published, while this percentage It should have reached 75% at this time.
From LLYC they indicate that to meet the forecasts during the last quarter of 2024, “an increase in the pace of calls launched by the AGE” should be recorded.
